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At an interest rate of 6% per year, compounded yearly, would you rather have $10,000 today or $12,000 five years from now? please expleain Practice:

At an interest rate of 6% per year, compounded yearly, would you rather have $10,000 today or $12,000 five years from now?

please expleain image text in transcribed

Practice: Equivalence Calculations At an interest rate of 6% per year, compounded yearly, would you rather have $10,000 today or $12,000 five years from now? Year Amount at Beginning of Period Interested Earned Amount at End of Period ($) ($) ($) 0 1 2 3 4 5

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